Legal & General Asian Income I

A Fund looking to take advantage of attractive dividend yields available in the Asia Pacific region.

  • 525.70p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 928.90p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.83%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 3.60%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 June 2021

The Fund aims to generate income with some potential for capital growth through exposure mainly to Asian securities. The Fund will invest in companies across all economic sectors which are registered and quoted in the countries included within the FTSE All World Index Pacific Basin (ex Japan), the Indian sub-continent and securities quoted on other stock exchanges where the underlying assets of those securities reflect investments in the economies of the countries.

Fund summary

Sector Asia Pacific Excluding Japan
Structure UNIT TRUST
Launched August, 2012
Size £268m
Yield 3.60%
Charging basis Capital
Dividends paid 10 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.83%

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Investment process

The fund's aim is to maximise capital growth by investing directly or indirectly into a portfolio of Far Eastern securities which may be selected from all economic sectors. The Manager will choose from a wide range of individual shares or bonds which reflect corporate activity in the region. They will comprise investments quoted in the well established markets, smaller emerging markets and also relevant securities quoted on overseas exchanges.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.51%
  • 18/19 0.18%
  • 19/20 -1.09%
  • 20/21 -0.73%

Bestinvest MRI

  • 3 years -0.55%
  • 5 years -0.43%
  • Career -0.10%
  • 3 years 15.60%
  • 5 years 11.10%
  • Career 44.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Paul Hilsley

Hilsley is a Senior Fund Manager for the Pacific Basin ex-Japan team. He has worked in L&G Investment Management since January 2006. Hilsley previously worked at Phillios, Drew Fund Management and UBS Global Asset Management.

Track record

Paul Hilsley has 14.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from October 2008 - January 2021) there was a decline of 33% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (October 2007 - February 2009)
Relative -33.00% (October 2008 - January 2021)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 30 June 2020

6.7% Taiwan Semiconductor Manufacturing
5.1% Transurban Group
3.8% China Construction Bank
3.8% China Mobile Ltd
3.6% Telstra Corp Ltd
3.2% Qantas Airways
3% Amcor Cdi
2.7% Dbs Group Hldgs Ltd
2.6% Bank Of China Ltd
2.6% Westpac Banking Corp
Source: Trustnet

Sector breakdown

Financials 27.00%
Industrials 18.00%
Telecommunications 13.00%
Consumer Services 10.00%
Technology 10.00%
Basic Materials 8.00%
Oil & Gas 5.00%
Utilities 3.00%
Consumer Goods 3.00%
Others 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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